House prices fall by £40,000 in four years

seven-day-weekend

I hope the prices continue to fall in the UK until I have sold my Spanish house and bought a flat in Wolverhampton.

Conrad

seven-day-weekend wrote: »

I hope the prices continue to fall in the UK until I have sold my Spanish house and bought a flat in Wolverhampton.

For every 1% fall here, they will fall 3% in Spain what with it's mass over supply as was evident 10 years ago.

geneer

Wot no Hamish?

grizzly1911

Perhaps they are not falling at all.

Perhaps they were oversold and never worth the peak.

Perhaps they are only ever worth a certain multiplier of average income, whilst you can stretch the point a bit the elastic always breaks at some point.

A bit like silver maybe......

seven-day-weekend

Conrad wrote: »

For every 1% fall here, they will fall 3% in Spain what with it's mass over supply as was evident 10 years ago.

Not in this part of Spain, the prices have fallen a bit but are now relatively stable. This is a traditional inland village with old traditional houses, which on the whole have always been sensibly priced.

I agree that the overpriced brand new villas and apartments on the costas are still plummetting.

Pimperne1

If you believe Halifax figures (and even Halifax don't believe Halifax figures).

Sibley

There are some really funny comments on this story.

Just click worst rated. :rotfl:

The HPC gang have taken some stick. I love this one.


There will be very little movement in nominal prices of the next couple of years. With ultra low rates and surging demand by tenants B2L is as solid as a rock. The HPC mob just don't understand, the average home for FTB is a bedsit NOT a 3-bed semi :rotfl:

Sibley

I've really wounded them today. :rotfl:

Very gutless of them. They got my comment removed. Proves I get to them.
:rotfl:

I wish they would have left it. I reckon it would have broken all records for worst voted comment in the Mail. I don't need to redo it. My work is done.

1-0 to Sibley today.

LisbonLaura

grizzly1911 wrote: »

Perhaps they are not falling at all.

Perhaps they were oversold and never worth the peak.

Perhaps they are only ever worth a certain multiplier of average income, whilst you can stretch the point a bit the elastic always breaks at some point.

A bit like silver maybe......

No, not at all like silver.
Just imagine what one 'margin hike' would do to precious (& precarious) UK property 'values'

Sibley

These comments are so funny :rotfl:

I bet they have twisted a few up.

The fundementals still don't stack up, even at this price. £160k average price, 26k average salary. Assuming a 20% deposit, 130k at 4.5% will cost £730/month. Take home pay would be £1670/month. Therefore, 45% of your income is spent just on the mortgage. The accepted norm is 30%. An average salary should mean an average life, i.e., 2.5 kids and a car in the garage. Why do people insist on becoming a slave to the banks and house prices. A house is a home, it is not an optional extra. - Sam, Down South, 9/5/2011 10:48 - Sam, you are making an assumption that the average house and the average person should be comparable, they are not. The average person should stick to renting, and being average, like the rest of their lives, leaving people like me to provide them a place via BTL.

- Adam, Sutton Coldfield - UK, 9/5/2011 20:24
Click to rate Rating 260



There will be very little movement in nominal prices of the next couple of years. With ultra low rates and surging demand by tenants B2L is as solid as a rock. The HPC mob just don't understand, the average home for FTB is a bedsit NOT a 3-bed semi


- The Buy to Let King, Newcastle, 9/5/2011 21:38